42060 Parkmont Dr Lancaster, CA 93536
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About this home
Location is everything! Tucked near the pine tree covered foothills of Quartz Hill is this original custom built HOUSE PLUS FULL SIZED APARTMENT! Welcome to this spacious and well-loved pool home, brimming with character and opportunity! This multi-level gem has been thoughtfully maintained by the same owners for years and is ready for its next chapter. As you step inside, you’ll appreciate the generous floor plan, natural light pouring through oversized windows, and the timeless mid-century architectural details that give the home its unique charm. Multiple levels provide privacy and flexibility—perfect for creating separate living zones, a home office, or guest quarters. The home’s solid bones and classic design offer an excellent canvas for modern updates, allowing you to add your personal touch while building equity. Original features, including built-ins and vintage finishes, bring a warm sense of nostalgia and craftsmanship not often found in today’s builds. Outside, the property boasts a mature landscaped yard ideal for gatherings, gardening, or simply enjoying peaceful afternoons. The elevated lot and multi-level design provide privacy and a sense of retreat while still being conveniently close to schools, parks, and shopping. Property Highlights: Supplement files attached with floor plans, includes dimensions but does not include the attached apartment. Private pool and built-in Barbeque. NO HOA. Room for Rv and Boat Parking in rear of property. Spacious multi-level residence with timeless character Full-sized 1-bedroom apartment on lower level with private entrance — ideal for income or multigenerational living Light-filled interior with generous living and entertaining spaces Mid-century details, built-ins, and solid craftsmanship Flexible floor plan with room for home office, guests, or hobbies. A rare find — versatile, elegant, and full of potential. Don’t miss this chance to own a multi-use property in a highly sought-after location. This is more than just a home—it’s a rare opportunity to own a spacious, character-filled property in a desirable neighborhood. With its unbeatable potential, flexible layout, and solid construction, this home is ready to shine again.
Source: CRMLS #SR25193370
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.